| ||||
Updated RecentlyChildren's Technology Workshop vs Reading Friends Franchise Company Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Children's Technology Workshop vs Reading Friends Franchise Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $81,000 - $105,000 | $110,950 - $297,500 |
| Franchise Fee | $25,000 | $35,000 |
| Royalty Fee | 6% | 5.5% |
| Advertising Fee | - | - |
| Year Founded | 1997 | 1980 |
| Year Franchised | 2004 | 2002 |
| Term Of Agreement | 7 years | 10 years |
| Term Of Agreement | 7 years | 10 years |
| Renewal Fee | $1K | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | No/No |
| Start-up Costs | No/Yes | No/No |
| Equipment | No/Yes | No/No |
| Inventory | No/Yes | No/No |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
||
| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations | Grand opening, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | Co-op advertising, Ad slicks |
| Operations | Franchise can be run from home. 20% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 9 Absentee ownership of franchise is allowed. |
Expansion Plans |
||
| US Expansion | - | Yes |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About Children's Technology Workshop
The Children’s Technology Workshop is focused on the development and delivery of hands-on, applied-technology curriculum. We have been designing and testing our programs since 1997. At CTW, we are serious about having fun and take pride in our commitment to developing the finest technology and science-based programs available to children. Our activities are under constant review by our full-time staff of educators, engineers, technologists and enthusiasts. We are confident that you'll agree with our philosophy that computers are more than just a tool for writing and researching. We believe computers and technology can empower all children to explore, invent and be creative using the right applications with the right direction. The Children's Technology Workshop offers a variety of programs, including after school, camp, academic and group workshops. Programs are divided by age and are available in different formats to meet scheduling needs of parents and group facilitators.
About Reading Friends Franchise Company
Reading Friends has the right curriculum, the right commitment, and is the right place. Let us focus on your child.
The Reading Friends preschool is dedicated to providing the young child a foundation for educational excellence.
The secret to a well-rounded child is a well-rounded approach to teaching
Curriculum
We employ Multi-sensory teaching techniques involving the total child.
Our Phonics Advantage curriculum is a language-based program that is the heart of our proprietary curricula.
Children receive structured academic experiences that produce a firm foundation in reading, math, social studies, and science.
Social
The Reading Friends program is designed to provide successful opportunities for all students. Children have daily outside free play and snack where they experiment with social interaction and cooperation.